Logo
search
Login
📞Call Us Now :
+91 80629 16290

Striders Impex Ltd IPO

Status: Closed

Overview

IPO date
26 Feb 2026 to 02 Mar 2026
Face value
₹ 10 per share
Price
₹ 0 per share
Issue Size
0 shares
(aggregating up to ₹ 0 Cr)
Allotment Date
01 Jan 1970
Listing at
NSE
Issue type
Book Building
Sector
Trading

Objectives of Striders Impex Ltd IPO

Striders Impex Ltd IPO Strategy

About Striders Impex Ltd

Unlock_ipo_iconUnlock Stock of the Month

T&C*

Strengths vs Risks of Striders Impex Ltd

Know the pros & cons

Strengths

  • arrowInternational presence and platform for further global expansion.
  • arrowDual-country supply chain enabling cost optimization and risk mitigation.
  • arrowGeographic and revenue diversification.
  • arrowAsset-light, licensing-led, and scalable business model.
  • arrowBalanced brand portfolio catering to diverse consumer segments.

Risks

  • arrowThe company's business operations and brand positioning are significantly dependent on the continued right to use certain licensed intellectual property including trademarks and marketing content obtained from third-party owners.
  • arrowThe company's ability to utilise certain intellectual property and related rights is subject to licensing agreements with third-party owners, which are typically for fixed durations and subject to renewal and also exposed to termination
  • arrowThere have been instances of past discrepancies and non-compliances in filings with the Registrar of Companies under the Companies Act, which may result in regulatory actions.
  • arrowA significant portion of the company's revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for its products could negatively impact the company's business, operating results, financial condition, and cash flows.
  • arrowThe Company is dependent on few suppliers for purchase of goods. Loss of any of these large suppliers may affect the company's business operations adversely.
  • arrowThe Company may be subject to legal proceedings or litigation arising from its operations. Such matters could result in financial liabilities, reputational harm, and diversion of management's attention, potentially impacting business performance and stability.
  • arrowThe company rely on third-party manufacturers for product supply, and any disruption in these arrangements could adversely affect the company's business and operations.
  • arrowThe Company's reliance on purchase order-based arrangements with China-based manufacturers exposes it to potential supply chain disruptions and financial risks
  • arrowThe company's revenues are dependent on non-exclusive license agreements and few agreements are due to expire between 2025 and 2026, and renewal of these agreements is uncertain.
  • arrowThe Company is exposed to fluctuations in royalty costs and licensing fee structures. Changes in these expenses can affect cost management. Unfavourable variations may increase operational costs and impact financial performance.
  • arrowFollowing termination of a license, the Company may be subject to sell-off period restrictions. These limitations could delay the sale or distribution of licensed products, impacting revenue and inventory management. Compliance with such restrictions is essential to avoid legal and financial consequences.
  • arrowThe Company may be obligated to fulfill minimum guarantee payments regardless of product performance. This commitment could result in financial liabilities even when sales targets are not met, potentially affecting profitability and cash flow.
  • arrowThe Company is exposed to China-specific geopolitical risks, including the potential for war-like situations. Such risks may disrupt supply chains, affect market access, and lead to operational uncertainties, thereby adversely impacting the Company's business and financial condition.
  • arrowThe Company is exposed to foreign exchange rate fluctuations. Variations in currency values may impact the cost of imports, export revenues, and overall financial results. Such exposure could lead to increased volatility in earnings and cash flows.
  • arrowThe Company relies on third-party warehouse and fulfilment service providers. Any disruptions or inefficiencies in these services may affect inventory management and timely order delivery.
  • arrowThe Company may incur interest liability arising from late payment of licensing consideration. Such delays can increase financial costs and adversely affect cash flow and profitability.
  • arrowThe Company's operations are significantly reliant on the timely availability of adequate working capital and the efficient collection of receivables. Any delays or disruptions in securing necessary working capital or in the recovery of outstanding payments from customers may adversely impact the Company's liquidity, operational continuity, and overall financial performance.
  • arrowThe company's Managing Director, Mr. Kumarshri Rajkumar Bahety, has been inadvertently allotted two DINs and he has applied for surrender of one, which is currently active and associated with the company and the same is being used for company filings, this may cause disruptions or compliance issues.
  • arrowThe company operates without executed agreements with certain distributors and manufacturers, which may result into uncertainties in supply, pricing related risks, and potential business disruptions.
  • arrowThe Company may experience delays or failures in launching new products. Such issues can affect market competitiveness and revenue growth. Failures to introduce successful products may harm the Company's business prospects.
  • arrowThe Company may face challenges in maintaining and expanding its distribution network. This may impact sales growth and overall business expansion.
  • arrowThe Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact the company's business, financial condition and results of operations.
  • arrowInability to update the Company's name in certain statutory approvals and agreements may adversely impact the business.
  • arrowThere have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against the Company in relation to the same, the company's business, financial condition and results of operations could be adversely affected.
  • arrowAs of the date of this Draft Red Herring Prospectus, the Company's logo and certain other trade names and trademarks are registered. However, some trademark applications are still pending. Failures to adequately protect the company's intellectual property rights could adversely impact its competitive position, financial condition, and profitability.
  • arrowThe company's overseas operations are dependent on the validity of its trade license, which is due to expire in October 2026, and any failures or delay in its renewal may adversely affect the company's business.
  • arrowThe company's Subsidiary, Striders FZ LLC, faces significant cash flow mismatches due to extended customer credit periods and supplier advance requirements,
  • arrowThe company's lease agreement for office space in Fujairah provides no clarity on renewal terms and contains broad inspection and termination rights, creating operational uncertainty and additional liabilities.
  • arrowPotential misalignment between shareholder records in India and UAE (FY25 shareholding shows 100% held by Striders Impex Pvt. Ltd. (India) whereas the audited and review report shows different individual shareholders)
  • arrowThe Company faces the risk of failing to successfully develop its product portfolio. Inability to innovate or expand offerings may limit market competitiveness and growth potential. This could negatively impact revenue and long-term business sustainability.
  • arrowThe Company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the net proceeds from the Offer for Sale.
  • arrowThe Company faces payment-related risks, including delays or defaults associated with, B2B credit sales, cash-on-delivery transactions and failures in payment processing systems. These risks may result in revenue loss, increased collection costs, and cash flow disruptions, adversely affecting financial stability.
  • arrowThe Company's historical performance may not reliably predict future results. Changes in market conditions, competition, or internal factors could lead to different outcomes. Investors should not solely rely on past performance when assessing future prospects.
  • arrowFailures to accurately identify customer demand and maintain optimal inventory levels may adversely impact the Company's business operations and financial condition. Inaccurate forecasting could lead to stockouts or excess inventory, affecting sales and profitability.
  • arrowThe company has entered into and expected to enter into related party transactions with the company's Shareholders, Subsidiaries, Directors, Key Managerial Personnel and Senior Management, for variety of activities and transactions which may potentially involve conflicts of interest.
  • arrowLicensing agreements may impose platform-specific restrictions on the Company. These limitations could constrain the channels or markets in which licensed products can be sold, potentially affecting revenue opportunities and market expansion.
  • arrowThe company's insurance coverage may not adequately protect it against potential risks, leading to uninsured losses or losses exceeding the company's coverage, which could have a material adverse effect on its business.
  • arrowThe Company is exposed to demand volatility. Fluctuations in customer demand can impact sales consistency and inventory management. Such variability may affect revenue stability and operational planning.
  • arrowThe Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect the company's cash flows.
  • arrowThe company is subject to restrictive covenants under the company's financing agreements that could limit our flexibility in managing its business or to use bank balance or other assets. Any defaults may adversely affect the company's cash flows, business, results of operations and financial condition.
  • arrowAny non-compliance with FEMA/ODI rules for overseas subsidiaries could impact disclosures at the Parent level.
  • arrowNon-compliance with applicable product safety and regulatory standards may expose the Company to legal penalties, reputational damage, and potential restrictions on the distribution or sale of its products.
  • arrowThe Company faces risks associated with challenges in effectively scaling up own brand which could constrain revenue generation and impair the Company's long-term strategic objectives.
  • arrowThe Company faces risks of inventory obsolescence and overstocks. Poor demand forecasting or shifts in consumer preferences may cause excess or outdated inventory. This can increase holding costs and reduce profits. Such risks impact working capital and financial results.
  • arrowThe Company is exposed to risks arising from seasonal fluctuations in demand in the kids' merchandising and toy industry.
  • arrowThe Company may be exposed to penalties for non-compliance with UAE regulatory requirements, including UBO, AML/CFT, VAT, and Free Zone regulations.
  • arrowThe company is dependents on its Promoters, Directors, Key Managerial Personnel and senior management, including other employees with technical expertise, and any loss of or the company's inability to retain such persons could adversely affect its business, results of operations and financial condition.
  • arrowThere could be infringement of its intellectual property rights by third parties, which may damage the company's reputation, dilute our brand identity, and adversely affect its business and results of operations.
  • arrowE-commerce websites and quick-commerce platforms face distinct risks, including technological disruptions, cybersecurity threats, and changing consumer behaviour. Operational challenges such as delivery logistics and platform reliability may also impact performance.
  • arrowThe Company is exposed to risks arising from product returns and order cancellations. High rates of returns or cancellations may increase operational costs, reduce revenue, and impact inventory management.
  • arrowThe Company is exposed to risks arising from dependence on specific sales channels, such as online or offline platforms. Overreliance on any single channel may limit market reach and increase vulnerability to channel-specific disruptions. This concentration risk could adversely affect revenue stability and growth prospects.
  • arrowThe Company's business may be adversely impacted by changes in the regulatory and policy environment. As these frameworks are continuously evolving, unexpected amendments or new regulations could increase compliance costs, restrict operations, or affect strategic initiatives.
  • arrowThe majority of the Company's Directors lack prior experience as directors of companies listed on stock exchanges. This may present challenges in navigating regulatory requirements, corporate governance, and investor relations specific to listed entities.
  • arrowBroad territorial and character usage restrictions under the company's licensing contracts may create potential inadvertent breaches, exposing it to legal and financial consequences.
  • arrowThe Company's international operations are exposed to various risks, including regulatory differences, geopolitical instability, currency fluctuations, and compliance challenges. These factors may adversely affect the Company's business, results of operations, and growth prospects.
  • arrowThe company has not paid any dividends in the past Financial Years. The company's ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • arrowThe Company faces the risk of allergic reactions caused by the use of its products. Such incidents may lead to consumer harm, product liability claims, regulatory sanctions, and reputational damage.
  • arrowThe Company faces risks related to non-adherence to labelling and product norms in foreign markets. Failures to comply with these norms and regulations may results in penalties, product recalls, and restricted market access.
  • arrowThe Company is exposed to risks arising from piracy and counterfeit products in the market. Such activities may erode brand value, reduce sales, and expose the Company to legal liabilities.
  • arrowThe company may be accused of infringing or misappropriating intellectual property rights or confidential know-how of third parties
  • arrowExposure to reputational and financial risks due to stringent indemnification clauses in licensing contracts and obligations to global licensors.
  • arrowThe company may have offered Equity Shares during the last one year at a price below the Issue Price.
  • arrowThis Draft Red Herring Prospectus contains information from an industry report prepared by "Market Research Future" commissioned by the company's for the purpose of the Issue for an agreed fee, and any reliance on such data is subject to inherent risks.
  • arrowThe company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • arrowThe company's Promoters may enter into ventures that may lead to real or potential conflicts of interest with its business.
  • arrowThe company may require additional equity or debt in future in order to continue to grow its business, which may not be available on favourable terms or at all.
  • arrowAny variation in the utilization of Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • arrowThe company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.
  • arrowThe Company's reliance on purchase order-based arrangements with China-based manufacturers exposes it to Potential supply chain disruptions and financial risks.
  • arrowThe company business operations and brand positioning are significantly dependent on the continued right to use certain licensed intellectual property including trademarks and marketing content obtained from third-party owners.
  • arrowA significant portion of the company's revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for the company's products could negatively impact its business, operating results, financial condition, and cash flows.
  • arrowThe Company is dependent on few suppliers for purchase of goods. Loss of any of these large suppliers may affect its business operations adversely.
  • arrowThere have been instances of past discrepancies and non-compliances in filings with the Registrar of Companies under the Companies Act, which may result in regulatory actions.
  • arrowThe Company relies on third-party warehouse and fulfilment service providers. Any disruptions or inefficiencies in these services may affect inventory management and timely order delivery.
  • arrowThe Company may be subject to legal proceedings or litigation arising from its operations. Such matters could result in financial liabilities, reputational harm, and diversion of management's attention, potentially impacting business performance and stability.
  • arrowThe company's ability to utilise certain intellectual property and related rights is subject to licensing agreements with third-party owners, which are typically for fixed durations and subject to renewal and also exposed to termination
  • arrowThe company relies on third-party manufacturers for product supply, and any disruption in these arrangements could adversely affect its business and operations.
  • arrowThe company's revenues are dependent on non-exclusive license agreements and few agreements are due to expire between 2025 and 2026, and renewal of these agreements is uncertain.
  • arrowThe Company is exposed to fluctuations in royalty costs and licensing fee structures. Changes in these expenses can affect cost management. Unfavourable variations may increase operational costs and impact financial performance.
  • arrowFollowing termination of a license, the Company may be subject to sell-off period restrictions. These limitations could delay the sale or distribution of licensed products, impacting revenue and inventory management. Compliance with such restrictions is essential to avoid legal and financial consequences.
  • arrowThe Company may be obligated to fulfill minimum guarantee payments regardless of product performance. This commitment could result in financial liabilities even when sales targets are not met, potentially affecting profitability and cash flow.
  • arrowThe Company is exposed to risks arising from seasonal fluctuations in demand in the kids' merchandising and toy industry.
  • arrowThe Company is exposed to China-specific geopolitical risks, including the potential for war-like situations. Such risks may disrupt supply chains, affect market access, and lead to operational uncertainties, thereby adversely impacting the Company's business and financial condition.
  • arrowThe Company is exposed to foreign exchange rate fluctuations. Variations in currency values may impact the cost of imports, export revenues, and overall financial results. Such exposure could lead to increased volatility in earnings and cash flows.
  • arrowThe Company may faces challenges in maintaining and expanding its distribution network. This may impact sales growth and overall business expansion.
  • arrowThe Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact the company's business, financial condition and results of operations.
  • arrowInability to update the Company's name in certain statutory approvals and agreements may adversely impact the business.
  • arrowThere have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against the Company in relation to the same, our business, financial condition and results of operations could be adversely affected.
  • arrowAs of the date of this Red Herring Prospectus, the Company's logo and certain other trade names and trademarks are registered. However, some trademark applications are still pending. Failures to adequately protect its intellectual property rights could adversely impact the company's competitive position, financial condition, and profitability.
  • arrowThe company's overseas operations are dependent on the validity of the company's trade license, which is due to expire in October 2026, and any failures or delay in its renewal may adversely affect its business.
  • arrowThe company's Subsidiary, Striders FZ LLC, faces significant cash flow mismatches due to extended customer credit periods and supplier advance requirements,
  • arrowThe company's lease agreement for office space in Fujairah provides no clarity on renewal terms and contains broad inspection and termination rights, creating operational uncertainty and additional liabilities.
  • arrowPotential misalignment between shareholder records in India and UAE (FY25 shareholding shows 100% held by Striders Impex Pvt. Ltd. (India) whereas the audited and review report shows different individual shareholders).
  • arrowThe Company faces the risk of failing to successfully develop its product portfolio. Inability to innovate or expand offerings may limit market competitiveness and growth potential. This could negatively impact revenue and long-term business sustainability.
  • arrowThe Company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the net proceeds from the Offer for Sale.
  • arrowThe Company faces payment-related risks, including delays or defaults associated with, B2B credit sales, cash-on-delivery transactions and failures in payment processing systems. These risks may result in revenue loss, increased collection costs, and cash flow disruptions, adversely affecting financial stability.
  • arrowThe Company's historical performance may not reliably predict future results. Changes in market conditions, competition, or internal factors could lead to different outcomes. Investors should not solely relies on past performance when assessing future prospects.
  • arrowFailures to accurately identify customer demand and maintain optimal inventory levels may adversely impact the Company's business operations and financial condition. Inaccurate forecasting could lead to stockouts or excess inventory, affecting sales and profitability.
  • arrowThe company has entered into and expected to enter into related party transactions with its Shareholders, Subsidiaries, Directors, Key Managerial Personnel and Senior Management, for variety of activities and transactions which may potentially involve conflicts of interest.
  • arrowLicensing agreements may impose platform-specific restrictions on the Company. These limitations could constrain the channels or markets in which licensed products can be sold, potentially affecting revenue opportunities and market expansion.
  • arrowThe company's insurance coverage may not adequately protect the company against potential risks, leading to uninsured losses or losses exceeding its coverage, which could have a material adverse effect on the company's business.
  • arrowThe Company is exposed to demand volatility. Fluctuations in customer demand can impact sales consistency and inventory management. Such variability may affect revenue stability and operational planning.
  • arrowThe Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
  • arrowAny non-compliance with FEMA/ODI rules for overseas subsidiaries could impact disclosures at the Parent level.
  • arrowNon-compliance with applicable product safety and regulatory standards may expose the Company to legal penalties, reputational damage, and potential restrictions on the distribution or sale of its products.
  • arrowThe Company faces risks associated with challenges in effectively scaling up own brand which could constrain revenue generation and impair the Company's long-term strategic objectives.
  • arrowThe Company faces risks of inventory obsolescence and overstocks. Poor demand forecasting or shifts in consumer preferences may cause excess or outdated inventory. This can increase holding costs and reduce profits. Such risks impact working capital and financial results.
  • arrowThe Company may be exposed to penalties for non-compliance with UAE regulatory requirements, including UBO, AML/CFT, VAT, and Free Zone regulations.
  • arrowThe company is dependents on the company's Promoters, Directors, Key Managerial Personnel and senior management, including other employees with technical expertise, and any loss of or the company's inability to retain such persons could adversely affect its business, results of operations and financial condition.
  • arrowThere could be infringement of the company's intellectual property rights by third parties, which may damage its reputation, dilute the company's brand identity, and adversely affect its business and results of operations.
  • arrowE-commerce websites and quick-commerce platforms faces distinct risks, including technological disruptions, cybersecurity threats, and changing consumer behaviour. Operational challenges such as delivery logistics and platform reliability may also impact performance.
  • arrowThe Company is exposed to risks arising from product returns and order cancellations. High rates of returns or cancellations may increase operational costs, reduce revenue, and impact inventory management.
  • arrowThe Company is exposed to risks arising from dependence on specific sales channels, such as online or offline platforms. Overreliance on any single channel may limit market reach and increase vulnerability to channel-specific disruptions. This concentration risk could adversely affect revenue stability and growth prospects.
  • arrowThe Company's business may be adversely impacted by changes in the regulatory and policy environment. As these frameworks are continuously evolving, unexpected amendments or new regulations could increase compliance costs, restrict operations, or affect strategic initiatives.
  • arrowRecent amendments to labour and employment laws that came into force in November 2025 and December 2025 may increase its compliance obligations and employee related costs and could adversely affect the company's business operations and financial condition.
  • arrowThe majority of the Company's Directors lack prior experience as directors of companies listed on stock exchanges. This may present challenges in navigating regulatory requirements, corporate governance, and investor relations specific to listed entities.
  • arrowBroad territorial and character usage restrictions under its licensing contracts may create potential inadvertent breaches, exposing the company to legal and financial consequences.
  • arrowThe Company's international operations are exposed to various risks, including regulatory differences, geopolitical instability, currency fluctuations, and compliance challenges. These factors may adversely affect the Company's business, results of operations, and growth prospects.
  • arrowThe company has not paid any dividends in the past Financial Years. The company's ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures. the company has not declared or paid any dividends on the company's Equity Shares in the past financial years. The company's future ability to declare dividends will depend on a number of factors, including but not limited to the company's future earnings, financial condition, cash flows, capital expenditure requirements, working capital needs, applicable legal restrictions and other business considerations as determined by the company's Board of Directors from time to time.
  • arrowThe Company faces the risk of allergic reactions caused by the use of its products. Such incidents may lead to consumer harm, product liability claims, regulatory sanctions, and reputational damage.
  • arrowThe Company faces risks related to non-adherence to labelling and product norms in foreign markets. Failures to comply with these norms and regulations may results in penalties, product recalls, and restricted market access.
  • arrowThe Company is exposed to risks arising from piracy and counterfeit products in the market. Such activities may erode brand value, reduce sales, and expose the Company to legal liabilities.
  • arrowThe company may be accused of infringing or misappropriating intellectual property rights or confidential know-how of third parties.
  • arrowExposure to reputational and financial risks due to stringent indemnification clauses in licensing contracts and obligations to global licensors.
  • arrowThe company may have offered Equity Shares during the last one year at a price below the Issue Price.
  • arrowThis Red Herring Prospectus contains information from an industry report prepared by "Market Research Future" commissioned by the company for the purpose of the Issue for an agreed fee, and any reliance on such data is subject to inherent risks.
  • arrowThe company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • arrowThe company's Promoters may enter into ventures that may lead to real or potential conflicts of interest with its business.
  • arrowThe company may requires additional equity or debt in future in order to continue to grow its business, which may not be available on favourable terms or at all.
  • arrowThe company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and the company's management will have broad discretion over the use of the Net Proceeds.
  • arrowThe deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.

Striders Impex Ltd Peer Comparison

Understand the company’s industry standing

Striders Impex Ltd
Face Value
10
Standalone / Consolidated
Consolidated
Total Income Rs. Cr.
61.95
EPS-Basis
6.27
EPS-Diluted
6.27
NAV Per Share
11.09
P/E-Basic EPS
---
P/E-Diluted EPS
---
RONW(%)
56.51
Latest NAV Period
---
Latest NAV
---
steps

How to check the allotment status of Striders Impex Ltd IPO?

Follow the steps

check
check
check
check

Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

IPO reads

Stay updated with the latest IPO developments

dir

February 27, 2025 | 5 min read

₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT Analysis
dir

February 25, 2025 | 5 min read

Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%
dir

February 18, 2025 | 5 min read

Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details Here
dir

October 25, 2024 | 5 min read

Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!
dir

October 22, 2024 | 5 min read

Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!
dir

October 17, 2024 | 5 min read

Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
dir

September 6, 2024 | 5 min read

Bajaj Housing Finance IPO: All You Need to Know
dir

October 17, 2024 | 5 min read

Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
dir

August 26, 2024 | 5 min read

Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue Launch

More on IPOs

Navigate your way to other IPO resources

More on IPOs

Current IPOs

More on IPOs

Upcoming IPOs

More on IPOs

Closed IPOs

More on IPOs

Listed IPOs

More on IPOs

Performing IPOs

Latest videos on IPOs

IPO highlights & details!

FAQs on IPO

Get answers to all your questions here!

The IPO opens on 26 Feb 2026 & closes on 02 Mar 2026.

Striders Impex Limited was incorporated as 'Striders Impex Private Limited' on April 28, 2021 with the Registrar of Companies, Maharashtra. The Company was then converted into a Public Limited company, the name of the Company was changed to Striders Impex Limited ' and a fresh certificate of incorporation w.e.f. July 28, 2025 was issued by the ROC, Central Processing Centre. Company is engaged in the business of licensing, own brand development, and distribution of toys and kids' consumer merchandise. The Company offers end-to-end solutions from product design and development to sourcing, manufacturing and distribution, catering to leading retail formats across India and select international markets. In addition to its operations in India, the Company has a business presence in the Middle East via Striders FZ LLC its wholly owned subsidiary company, through a network of distributors that supports its international distribution network and strengthens global distribution and client relationships. The company's global footprint closely track the emerging trends through its distributor networks, to rapidly scale and capitalize the opportunities in global markets The Company's business operations are mainly designed to offer integrated solutions from concept and product design to sourcing, and delivery, ensuring a reliable and efficient supply chain for its partners. Company is planning the Initial Public Offer of 52,00,000 equity shares of face value Rs 10 each, comprising a fresh issue of 46,90,000 equity shares and the offer for sale of 5,10,000 equity shares.

Striders Impex Ltd IPO will close on 02 Mar 2026.

  • International presence and platform for further global expansion.
  • Dual-country supply chain enabling cost optimization and risk mitigation.
  • Geographic and revenue diversification.
  • Asset-light, licensing-led, and scalable business model.
  • Balanced brand portfolio catering to diverse consumer segments.

S.No Promoters Name Pre Issue Shares Pre Issue Percentage Post Issue Shares Post Issue Percentage
1 Kumarshri Rajkumar Bahety 6705000 47.6 6450600 34.65
2 Mustafa Esmail Kapasi 6704995 47.6 6450595 34.65
3 Mariya Mustafa Kapasi --- --- --- ---

  • The company's business operations and brand positioning are significantly dependent on the continued right to use certain licensed intellectual property including trademarks and marketing content obtained from third-party owners.
  • The company's ability to utilise certain intellectual property and related rights is subject to licensing agreements with third-party owners, which are typically for fixed durations and subject to renewal and also exposed to termination
  • There have been instances of past discrepancies and non-compliances in filings with the Registrar of Companies under the Companies Act, which may result in regulatory actions.
  • A significant portion of the company's revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for its products could negatively impact the company's business, operating results, financial condition, and cash flows.
  • The Company is dependent on few suppliers for purchase of goods. Loss of any of these large suppliers may affect the company's business operations adversely.
  • The Company may be subject to legal proceedings or litigation arising from its operations. Such matters could result in financial liabilities, reputational harm, and diversion of management's attention, potentially impacting business performance and stability.
  • The company rely on third-party manufacturers for product supply, and any disruption in these arrangements could adversely affect the company's business and operations.
  • The Company's reliance on purchase order-based arrangements with China-based manufacturers exposes it to potential supply chain disruptions and financial risks
  • The company's revenues are dependent on non-exclusive license agreements and few agreements are due to expire between 2025 and 2026, and renewal of these agreements is uncertain.
  • The Company is exposed to fluctuations in royalty costs and licensing fee structures. Changes in these expenses can affect cost management. Unfavourable variations may increase operational costs and impact financial performance.
  • Following termination of a license, the Company may be subject to sell-off period restrictions. These limitations could delay the sale or distribution of licensed products, impacting revenue and inventory management. Compliance with such restrictions is essential to avoid legal and financial consequences.
  • The Company may be obligated to fulfill minimum guarantee payments regardless of product performance. This commitment could result in financial liabilities even when sales targets are not met, potentially affecting profitability and cash flow.
  • The Company is exposed to China-specific geopolitical risks, including the potential for war-like situations. Such risks may disrupt supply chains, affect market access, and lead to operational uncertainties, thereby adversely impacting the Company's business and financial condition.
  • The Company is exposed to foreign exchange rate fluctuations. Variations in currency values may impact the cost of imports, export revenues, and overall financial results. Such exposure could lead to increased volatility in earnings and cash flows.
  • The Company relies on third-party warehouse and fulfilment service providers. Any disruptions or inefficiencies in these services may affect inventory management and timely order delivery.
  • The Company may incur interest liability arising from late payment of licensing consideration. Such delays can increase financial costs and adversely affect cash flow and profitability.
  • The Company's operations are significantly reliant on the timely availability of adequate working capital and the efficient collection of receivables. Any delays or disruptions in securing necessary working capital or in the recovery of outstanding payments from customers may adversely impact the Company's liquidity, operational continuity, and overall financial performance.
  • The company's Managing Director, Mr. Kumarshri Rajkumar Bahety, has been inadvertently allotted two DINs and he has applied for surrender of one, which is currently active and associated with the company and the same is being used for company filings, this may cause disruptions or compliance issues.
  • The company operates without executed agreements with certain distributors and manufacturers, which may result into uncertainties in supply, pricing related risks, and potential business disruptions.
  • The Company may experience delays or failures in launching new products. Such issues can affect market competitiveness and revenue growth. Failures to introduce successful products may harm the Company's business prospects.
  • The Company may face challenges in maintaining and expanding its distribution network. This may impact sales growth and overall business expansion.
  • The Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact the company's business, financial condition and results of operations.
  • Inability to update the Company's name in certain statutory approvals and agreements may adversely impact the business.
  • There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against the Company in relation to the same, the company's business, financial condition and results of operations could be adversely affected.
  • As of the date of this Draft Red Herring Prospectus, the Company's logo and certain other trade names and trademarks are registered. However, some trademark applications are still pending. Failures to adequately protect the company's intellectual property rights could adversely impact its competitive position, financial condition, and profitability.
  • The company's overseas operations are dependent on the validity of its trade license, which is due to expire in October 2026, and any failures or delay in its renewal may adversely affect the company's business.
  • The company's Subsidiary, Striders FZ LLC, faces significant cash flow mismatches due to extended customer credit periods and supplier advance requirements,
  • The company's lease agreement for office space in Fujairah provides no clarity on renewal terms and contains broad inspection and termination rights, creating operational uncertainty and additional liabilities.
  • Potential misalignment between shareholder records in India and UAE (FY25 shareholding shows 100% held by Striders Impex Pvt. Ltd. (India) whereas the audited and review report shows different individual shareholders)
  • The Company faces the risk of failing to successfully develop its product portfolio. Inability to innovate or expand offerings may limit market competitiveness and growth potential. This could negatively impact revenue and long-term business sustainability.
  • The Company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the net proceeds from the Offer for Sale.
  • The Company faces payment-related risks, including delays or defaults associated with, B2B credit sales, cash-on-delivery transactions and failures in payment processing systems. These risks may result in revenue loss, increased collection costs, and cash flow disruptions, adversely affecting financial stability.
  • The Company's historical performance may not reliably predict future results. Changes in market conditions, competition, or internal factors could lead to different outcomes. Investors should not solely rely on past performance when assessing future prospects.
  • Failures to accurately identify customer demand and maintain optimal inventory levels may adversely impact the Company's business operations and financial condition. Inaccurate forecasting could lead to stockouts or excess inventory, affecting sales and profitability.
  • The company has entered into and expected to enter into related party transactions with the company's Shareholders, Subsidiaries, Directors, Key Managerial Personnel and Senior Management, for variety of activities and transactions which may potentially involve conflicts of interest.
  • Licensing agreements may impose platform-specific restrictions on the Company. These limitations could constrain the channels or markets in which licensed products can be sold, potentially affecting revenue opportunities and market expansion.
  • The company's insurance coverage may not adequately protect it against potential risks, leading to uninsured losses or losses exceeding the company's coverage, which could have a material adverse effect on its business.
  • The Company is exposed to demand volatility. Fluctuations in customer demand can impact sales consistency and inventory management. Such variability may affect revenue stability and operational planning.
  • The Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect the company's cash flows.
  • The company is subject to restrictive covenants under the company's financing agreements that could limit our flexibility in managing its business or to use bank balance or other assets. Any defaults may adversely affect the company's cash flows, business, results of operations and financial condition.
  • Any non-compliance with FEMA/ODI rules for overseas subsidiaries could impact disclosures at the Parent level.
  • Non-compliance with applicable product safety and regulatory standards may expose the Company to legal penalties, reputational damage, and potential restrictions on the distribution or sale of its products.
  • The Company faces risks associated with challenges in effectively scaling up own brand which could constrain revenue generation and impair the Company's long-term strategic objectives.
  • The Company faces risks of inventory obsolescence and overstocks. Poor demand forecasting or shifts in consumer preferences may cause excess or outdated inventory. This can increase holding costs and reduce profits. Such risks impact working capital and financial results.
  • The Company is exposed to risks arising from seasonal fluctuations in demand in the kids' merchandising and toy industry.
  • The Company may be exposed to penalties for non-compliance with UAE regulatory requirements, including UBO, AML/CFT, VAT, and Free Zone regulations.
  • The company is dependents on its Promoters, Directors, Key Managerial Personnel and senior management, including other employees with technical expertise, and any loss of or the company's inability to retain such persons could adversely affect its business, results of operations and financial condition.
  • There could be infringement of its intellectual property rights by third parties, which may damage the company's reputation, dilute our brand identity, and adversely affect its business and results of operations.
  • E-commerce websites and quick-commerce platforms face distinct risks, including technological disruptions, cybersecurity threats, and changing consumer behaviour. Operational challenges such as delivery logistics and platform reliability may also impact performance.
  • The Company is exposed to risks arising from product returns and order cancellations. High rates of returns or cancellations may increase operational costs, reduce revenue, and impact inventory management.
  • The Company is exposed to risks arising from dependence on specific sales channels, such as online or offline platforms. Overreliance on any single channel may limit market reach and increase vulnerability to channel-specific disruptions. This concentration risk could adversely affect revenue stability and growth prospects.
  • The Company's business may be adversely impacted by changes in the regulatory and policy environment. As these frameworks are continuously evolving, unexpected amendments or new regulations could increase compliance costs, restrict operations, or affect strategic initiatives.
  • The majority of the Company's Directors lack prior experience as directors of companies listed on stock exchanges. This may present challenges in navigating regulatory requirements, corporate governance, and investor relations specific to listed entities.
  • Broad territorial and character usage restrictions under the company's licensing contracts may create potential inadvertent breaches, exposing it to legal and financial consequences.
  • The Company's international operations are exposed to various risks, including regulatory differences, geopolitical instability, currency fluctuations, and compliance challenges. These factors may adversely affect the Company's business, results of operations, and growth prospects.
  • The company has not paid any dividends in the past Financial Years. The company's ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
  • The Company faces the risk of allergic reactions caused by the use of its products. Such incidents may lead to consumer harm, product liability claims, regulatory sanctions, and reputational damage.
  • The Company faces risks related to non-adherence to labelling and product norms in foreign markets. Failures to comply with these norms and regulations may results in penalties, product recalls, and restricted market access.
  • The Company is exposed to risks arising from piracy and counterfeit products in the market. Such activities may erode brand value, reduce sales, and expose the Company to legal liabilities.
  • The company may be accused of infringing or misappropriating intellectual property rights or confidential know-how of third parties
  • Exposure to reputational and financial risks due to stringent indemnification clauses in licensing contracts and obligations to global licensors.
  • The company may have offered Equity Shares during the last one year at a price below the Issue Price.
  • This Draft Red Herring Prospectus contains information from an industry report prepared by "Market Research Future" commissioned by the company's for the purpose of the Issue for an agreed fee, and any reliance on such data is subject to inherent risks.
  • The company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • The company's Promoters may enter into ventures that may lead to real or potential conflicts of interest with its business.
  • The company may require additional equity or debt in future in order to continue to grow its business, which may not be available on favourable terms or at all.
  • Any variation in the utilization of Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
  • The company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds.
  • The Company's reliance on purchase order-based arrangements with China-based manufacturers exposes it to Potential supply chain disruptions and financial risks.
  • The company business operations and brand positioning are significantly dependent on the continued right to use certain licensed intellectual property including trademarks and marketing content obtained from third-party owners.
  • A significant portion of the company's revenue comes from key customers, and losing one or more of them, experiencing a decline in their financial health or business outlook, or facing a reduction in their demand for the company's products could negatively impact its business, operating results, financial condition, and cash flows.
  • The Company is dependent on few suppliers for purchase of goods. Loss of any of these large suppliers may affect its business operations adversely.
  • There have been instances of past discrepancies and non-compliances in filings with the Registrar of Companies under the Companies Act, which may result in regulatory actions.
  • The Company relies on third-party warehouse and fulfilment service providers. Any disruptions or inefficiencies in these services may affect inventory management and timely order delivery.
  • The Company may be subject to legal proceedings or litigation arising from its operations. Such matters could result in financial liabilities, reputational harm, and diversion of management's attention, potentially impacting business performance and stability.
  • The company's ability to utilise certain intellectual property and related rights is subject to licensing agreements with third-party owners, which are typically for fixed durations and subject to renewal and also exposed to termination
  • The company relies on third-party manufacturers for product supply, and any disruption in these arrangements could adversely affect its business and operations.
  • The company's revenues are dependent on non-exclusive license agreements and few agreements are due to expire between 2025 and 2026, and renewal of these agreements is uncertain.
  • The Company is exposed to fluctuations in royalty costs and licensing fee structures. Changes in these expenses can affect cost management. Unfavourable variations may increase operational costs and impact financial performance.
  • Following termination of a license, the Company may be subject to sell-off period restrictions. These limitations could delay the sale or distribution of licensed products, impacting revenue and inventory management. Compliance with such restrictions is essential to avoid legal and financial consequences.
  • The Company may be obligated to fulfill minimum guarantee payments regardless of product performance. This commitment could result in financial liabilities even when sales targets are not met, potentially affecting profitability and cash flow.
  • The Company is exposed to risks arising from seasonal fluctuations in demand in the kids' merchandising and toy industry.
  • The Company is exposed to China-specific geopolitical risks, including the potential for war-like situations. Such risks may disrupt supply chains, affect market access, and lead to operational uncertainties, thereby adversely impacting the Company's business and financial condition.
  • The Company is exposed to foreign exchange rate fluctuations. Variations in currency values may impact the cost of imports, export revenues, and overall financial results. Such exposure could lead to increased volatility in earnings and cash flows.
  • The Company may faces challenges in maintaining and expanding its distribution network. This may impact sales growth and overall business expansion.
  • The Company had negative operating cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact the company's business, financial condition and results of operations.
  • Inability to update the Company's name in certain statutory approvals and agreements may adversely impact the business.
  • There have been instances of delayed filings in the past with certain Regulatory Authorities. If the Regulatory Authorities impose any monitory penalties on us or take any punitive actions against the Company in relation to the same, our business, financial condition and results of operations could be adversely affected.
  • As of the date of this Red Herring Prospectus, the Company's logo and certain other trade names and trademarks are registered. However, some trademark applications are still pending. Failures to adequately protect its intellectual property rights could adversely impact the company's competitive position, financial condition, and profitability.
  • The company's overseas operations are dependent on the validity of the company's trade license, which is due to expire in October 2026, and any failures or delay in its renewal may adversely affect its business.
  • The company's Subsidiary, Striders FZ LLC, faces significant cash flow mismatches due to extended customer credit periods and supplier advance requirements,
  • The company's lease agreement for office space in Fujairah provides no clarity on renewal terms and contains broad inspection and termination rights, creating operational uncertainty and additional liabilities.
  • Potential misalignment between shareholder records in India and UAE (FY25 shareholding shows 100% held by Striders Impex Pvt. Ltd. (India) whereas the audited and review report shows different individual shareholders).
  • The Company faces the risk of failing to successfully develop its product portfolio. Inability to innovate or expand offerings may limit market competitiveness and growth potential. This could negatively impact revenue and long-term business sustainability.
  • The Company will not receive any proceeds from the Offer for Sale. The Promoter Selling Shareholders will receive the net proceeds from the Offer for Sale.
  • The Company faces payment-related risks, including delays or defaults associated with, B2B credit sales, cash-on-delivery transactions and failures in payment processing systems. These risks may result in revenue loss, increased collection costs, and cash flow disruptions, adversely affecting financial stability.
  • The Company's historical performance may not reliably predict future results. Changes in market conditions, competition, or internal factors could lead to different outcomes. Investors should not solely relies on past performance when assessing future prospects.
  • Failures to accurately identify customer demand and maintain optimal inventory levels may adversely impact the Company's business operations and financial condition. Inaccurate forecasting could lead to stockouts or excess inventory, affecting sales and profitability.
  • The company has entered into and expected to enter into related party transactions with its Shareholders, Subsidiaries, Directors, Key Managerial Personnel and Senior Management, for variety of activities and transactions which may potentially involve conflicts of interest.
  • Licensing agreements may impose platform-specific restrictions on the Company. These limitations could constrain the channels or markets in which licensed products can be sold, potentially affecting revenue opportunities and market expansion.
  • The company's insurance coverage may not adequately protect the company against potential risks, leading to uninsured losses or losses exceeding its coverage, which could have a material adverse effect on the company's business.
  • The Company is exposed to demand volatility. Fluctuations in customer demand can impact sales consistency and inventory management. Such variability may affect revenue stability and operational planning.
  • The Company has availed unsecured loans which are repayable on demand. Any demand from lender(s) for repayment of such unsecured loans, may adversely affect its cash flows.
  • Any non-compliance with FEMA/ODI rules for overseas subsidiaries could impact disclosures at the Parent level.
  • Non-compliance with applicable product safety and regulatory standards may expose the Company to legal penalties, reputational damage, and potential restrictions on the distribution or sale of its products.
  • The Company faces risks associated with challenges in effectively scaling up own brand which could constrain revenue generation and impair the Company's long-term strategic objectives.
  • The Company faces risks of inventory obsolescence and overstocks. Poor demand forecasting or shifts in consumer preferences may cause excess or outdated inventory. This can increase holding costs and reduce profits. Such risks impact working capital and financial results.
  • The Company may be exposed to penalties for non-compliance with UAE regulatory requirements, including UBO, AML/CFT, VAT, and Free Zone regulations.
  • The company is dependents on the company's Promoters, Directors, Key Managerial Personnel and senior management, including other employees with technical expertise, and any loss of or the company's inability to retain such persons could adversely affect its business, results of operations and financial condition.
  • There could be infringement of the company's intellectual property rights by third parties, which may damage its reputation, dilute the company's brand identity, and adversely affect its business and results of operations.
  • E-commerce websites and quick-commerce platforms faces distinct risks, including technological disruptions, cybersecurity threats, and changing consumer behaviour. Operational challenges such as delivery logistics and platform reliability may also impact performance.
  • The Company is exposed to risks arising from product returns and order cancellations. High rates of returns or cancellations may increase operational costs, reduce revenue, and impact inventory management.
  • The Company is exposed to risks arising from dependence on specific sales channels, such as online or offline platforms. Overreliance on any single channel may limit market reach and increase vulnerability to channel-specific disruptions. This concentration risk could adversely affect revenue stability and growth prospects.
  • The Company's business may be adversely impacted by changes in the regulatory and policy environment. As these frameworks are continuously evolving, unexpected amendments or new regulations could increase compliance costs, restrict operations, or affect strategic initiatives.
  • Recent amendments to labour and employment laws that came into force in November 2025 and December 2025 may increase its compliance obligations and employee related costs and could adversely affect the company's business operations and financial condition.
  • The majority of the Company's Directors lack prior experience as directors of companies listed on stock exchanges. This may present challenges in navigating regulatory requirements, corporate governance, and investor relations specific to listed entities.
  • Broad territorial and character usage restrictions under its licensing contracts may create potential inadvertent breaches, exposing the company to legal and financial consequences.
  • The Company's international operations are exposed to various risks, including regulatory differences, geopolitical instability, currency fluctuations, and compliance challenges. These factors may adversely affect the Company's business, results of operations, and growth prospects.
  • The company has not paid any dividends in the past Financial Years. The company's ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures. the company has not declared or paid any dividends on the company's Equity Shares in the past financial years. The company's future ability to declare dividends will depend on a number of factors, including but not limited to the company's future earnings, financial condition, cash flows, capital expenditure requirements, working capital needs, applicable legal restrictions and other business considerations as determined by the company's Board of Directors from time to time.
  • The Company faces the risk of allergic reactions caused by the use of its products. Such incidents may lead to consumer harm, product liability claims, regulatory sanctions, and reputational damage.
  • The Company faces risks related to non-adherence to labelling and product norms in foreign markets. Failures to comply with these norms and regulations may results in penalties, product recalls, and restricted market access.
  • The Company is exposed to risks arising from piracy and counterfeit products in the market. Such activities may erode brand value, reduce sales, and expose the Company to legal liabilities.
  • The company may be accused of infringing or misappropriating intellectual property rights or confidential know-how of third parties.
  • Exposure to reputational and financial risks due to stringent indemnification clauses in licensing contracts and obligations to global licensors.
  • The company may have offered Equity Shares during the last one year at a price below the Issue Price.
  • This Red Herring Prospectus contains information from an industry report prepared by "Market Research Future" commissioned by the company for the purpose of the Issue for an agreed fee, and any reliance on such data is subject to inherent risks.
  • The company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the Issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
  • The company's Promoters may enter into ventures that may lead to real or potential conflicts of interest with its business.
  • The company may requires additional equity or debt in future in order to continue to grow its business, which may not be available on favourable terms or at all.
  • The company's funding requirements and the proposed deployment of Net Proceeds have not been appraised by any bank or financial institution or any other independent agency and the company's management will have broad discretion over the use of the Net Proceeds.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.

The Issue type of Striders Impex Ltd is Book Building.

The minimum application for shares of Striders Impex Ltd is 3200.

The total shares issue of Striders Impex Ltd is 0.

Initial public offering of 50,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Striders Impex Limited ("Company" or the "Issuer") for cash at a price of Rs. 72 per equity share (including a share premium of Rs. 62 per equity share) ("Issue Price") aggregating up to Rs. 36.29 crores comprising a fresh issue of 45,31,200 equity shares aggregating up to Rs. 32.62 crores by the company ("Fresh Issue") and an offer for sale of 5,08,800 equity shares aggregating up to Rs.3.66 crores (the "Offered Shares") comprising 2,54,400 equity shares by Kumarshri Rajkumar Bahety aggregating up to Rs. 1.83 crores and 2,54,400 equity shares by Mustafa Esmail Kapasi aggregating up to Rs. 1.83 crores (the "Selling Shareholders" and such offer, the "Offer For Sale") (the "Offer For Sale" and together with the fresh issue, the "Issue") of which 2,52,800 equity shares aggregating to Rs. 1.82 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue, less market maker reservation, i.e. Net issue 47,87,200 equity shares of face value of Rs. 10/- each at price of Rs. 72 per equity share aggregating to Rs. 34.47 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 27.07% and 25.71% respectively of the fully diluted post- issue paid-up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 7.2 times the face value of the equity shares. Price Band:Rs. 72 per equity share of face value of Rs. 10 each. The floor price is 7.2 times the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.